Commonwealth Consolidated Acts

SUPERANNUATION INDUSTRY (SUPERVISION) ACT 1993 - SECT 70B

    For the purposes of this Part, each of the following is a Part   8 associate of an individual (the primary entity ), whether or not the primary entity is in the capacity of trustee:

  (a)   a relative of the primary entity;

  (b)   if the primary entity is a member of a superannuation fund with no more than 6 members:

  (i)   each other member of the fund; and

  (ii)   if the fund is a single member self managed superannuation fund whose trustee is a company--each director of that company; and

  (iii)   if the fund is a single member self managed superannuation fund whose trustees are individuals--those individuals;

  (c)   a partner of the primary entity or a partnership in which the primary entity is a partner;

  (d)   if a partner of the primary entity is an individual--the spouse or a child of that individual;

  (e)   a trustee of a trust (in the capacity of trustee of that trust), where the primary entity controls the trust;

  (f)   a company that is sufficiently influenced by, or in which a majority voting interest is held by:

  (i)   the primary entity; or

  (ii)   another entity that is a Part   8 associate of the primary entity because of another paragraph of this section or because of another application of this paragraph; or

  (iii)   2 or more entities covered by the preceding subparagraphs.